Dover Advisors LLC Has $723,000 Holdings in The Estée Lauder Companies Inc. (NYSE:EL)

Dover Advisors LLC decreased its stake in The Estée Lauder Companies Inc. (NYSE:EL) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,943 shares of the company’s stock after selling 919 shares during the quarter. Dover Advisors LLC’s holdings in Estée Lauder Companies were worth $723,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of EL. Lazard Asset Management LLC boosted its stake in Estée Lauder Companies by 68.5% in the 3rd quarter. Lazard Asset Management LLC now owns 3,720,872 shares of the company’s stock valued at $537,850,000 after buying an additional 1,512,982 shares in the last quarter. FMR LLC boosted its stake in Estée Lauder Companies by 35.4% in the 3rd quarter. FMR LLC now owns 5,311,174 shares of the company’s stock valued at $767,730,000 after buying an additional 1,387,271 shares in the last quarter. Van ECK Associates Corp boosted its stake in Estée Lauder Companies by 132.4% in the 3rd quarter. Van ECK Associates Corp now owns 1,735,740 shares of the company’s stock valued at $250,901,000 after buying an additional 988,829 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Estée Lauder Companies in the 4th quarter valued at $95,085,000. Finally, Quadrature Capital Ltd acquired a new stake in Estée Lauder Companies in the 3rd quarter valued at $69,047,000. Institutional investors and hedge funds own 55.15% of the company’s stock.

Analysts Set New Price Targets

EL has been the subject of several research analyst reports. Raymond James lifted their price objective on Estée Lauder Companies from $150.00 to $175.00 and gave the company a “strong-buy” rating in a research report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft downgraded Estée Lauder Companies from a “buy” rating to a “hold” rating and set a $146.00 price objective for the company. in a research report on Tuesday, January 2nd. JPMorgan Chase & Co. lifted their price objective on Estée Lauder Companies from $150.00 to $167.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. StockNews.com downgraded Estée Lauder Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Finally, DA Davidson restated a “buy” rating and set a $191.00 target price on shares of Estée Lauder Companies in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $168.17.

Estée Lauder Companies Trading Up 1.7 %

NYSE:EL traded up $2.46 on Friday, reaching $147.45. The company’s stock had a trading volume of 2,435,850 shares, compared to its average volume of 2,016,077. The Estée Lauder Companies Inc. has a 1-year low of $102.22 and a 1-year high of $250.63. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.96 and a current ratio of 1.36. The firm has a market cap of $52.86 billion, a PE ratio of 113.42, a PEG ratio of 3.86 and a beta of 1.07. The business’s 50-day moving average price is $146.86 and its two-hundred day moving average price is $138.22.

Estée Lauder Companies (NYSE:EL) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.33. Estée Lauder Companies had a return on equity of 9.78% and a net margin of 3.08%. The company had revenue of $4.28 billion during the quarter, compared to analysts’ expectations of $4.19 billion. During the same period in the prior year, the firm earned $1.54 earnings per share. Estée Lauder Companies’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities research analysts anticipate that The Estée Lauder Companies Inc. will post 2.23 earnings per share for the current fiscal year.

Estée Lauder Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a dividend of $0.66 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.64 annualized dividend and a yield of 1.79%. Estée Lauder Companies’s payout ratio is presently 203.08%.

Estée Lauder Companies Profile

The Estée Lauder Companies Inc manufactures, markets, and sells skin care, makeup, fragrance, and hair care products worldwide. It offers skin care products, including moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products; and makeup products, such as lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, and powders, as well as compacts, brushes, and other makeup tools.